Using the three-point curved line drawing tool, show an increase in the economy\

Question

Using the three-point curved line drawing tool, show an increase in the economy's short run aggregate supply (AS). Properly label this curve. Note: Carefully follow the instructions above, and only draw the requirea object. ASo Which of the following events would NOT produce a rightward shift in the short-run AS curve? O A. A significant increase in the country's incidence of bad weather and natural disasters. O B. A significant acceleration in the country's rate of technological ° C. The enactment of Reagan-style supply-side economic policies D. The discovery of enormous reserves of oil and natural gas. progress. designed to increase production. Aggregate output (income), Y

Explanation / Answer

The correct answer is : A)

Reason: the Rightward shift of supply implies an increase in supply. Due to bad weather incidents, the supply would reduce.

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